Editing Bookkeeping (section)

==Journals==
''[[Journal entry|Journals]]'' are recorded in the general journal daybook. A journal is a formal and chronological record of [[financial transactions]] before their values are accounted for in the general ledger as [[debits and credits]]. A company can maintain one journal for all transactions, or keep several journals based on similar activity (e.g., sales, cash receipts, revenue, etc.), making transactions easier to summarize and reference later. For every [[debits and credits|debit]] journal entry recorded, there must be an equivalent [[debits and credits|credit]] journal entry to maintain a balanced accounting equation.<ref>{{cite book | last = Haber | first = Jeffry | title = Accounting Demystified | url = https://archive.org/details/accountingdemyst00habe_462 | url-access = limited | publisher = AMACOM | location = New York | year = 2004 | isbn = 0-8144-0790-0 | page = [https://archive.org/details/accountingdemyst00habe_462/page/n27 15]}}</ref><ref>{{cite book | last = Raza | first = SyedA | title = Accountants Information | page = [https://sataxaccountants.co.uk/ Accountant in Milton Keynes]}}</ref>